The United States government has once again hit its borrowing limit. The government was permitted to borrow only through May 18, after which it can continue to operate without additional borrowing for about four months. Sometime this fall, Congress will have to raise the debt limit to prevent the United States defaulting on outstanding debt. The Republicans are demanding changes to entitlement programs – Social Security and Medicare – as a quid pro quo for their approval to raise the borrowing limit. President Obama has provisionally accepted these changes, if the Republicans agree to new taxes. The President has proposed a number . . .
To access the entire member white paper, you need a membership subscription. A membership gives you access to all our white papers and legislative updates for the entire year, plus any previously published white papers and updates.
At the risk of getting ahead of ourselves, @WSJ article discusses GOP healthcare vote & 2018 midterm election impact ow.ly/Jm7l30cTtsf
Yesterday from TheWashingtonUpdate's Twitter via Hootsuite
GOP debating merits of working w/Dem on budget deal. Need 60 Senate votes unless use CR! CR bad 2018 politics 4 GOP. ow.ly/kdnN30cQ7C2
About 4 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Advisors report increased client anxiety re domestic politics. We offer solutions & guidance! ow.ly/CjzR30cQwZv @hartfordfunds
Healthcare bill: ow.ly/zm5z30cQ6Mi
Who will decide fate: ow.ly/NDbH30cQ6Wl
McConnell playing long game? ow.ly/yZ3L30cQ70f
GOP House & Senate plan comparisons side by side with ACA:
Importantly, can it pass Senate? ow.ly/GOg030cOBPV
About 5 days ago from TheWashingtonUpdate's Twitter via Hootsuite